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Dec 31, 2012
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will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, of course, it isn't just the fiscal cliff we're counting down to. it's new year's eve and we want to say happy new year to everyone who is joining us or watching the program here today. earlier, we asked have you made any resolution, trade or otherwise, for 2013. we've got a couple at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually.
will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence....
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Dec 27, 2012
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fewer than five days to go until whi we go over the proverbial fiscal cliff and when dividend taxes go up it makes an already bad situation worse. >> right now the tax is 15%. by next tuesday, folks, wouts a deal from congress, they are going to more than double to 39.6%. now he wrote this opinion piece in "forbes" highlighting an unfair tax code that rewards debt and penalizes those dividend payments. joining us now here is the author of that, the ceo of otc markets group. you've got a real bone to pick over this. plain your special. thank you amanda and bill. have 16 under daying securities in the otc marketplaces. these companies attract dividend investors. keep them honest and great source of revenue. hour, dividend taxes are not taxed at 15% but are double taxed. companies have to pay taxes on their profits before distributing them as dividends. dividends are double taxed and will almost be triple taxed unless we do something in washington. all those million of dividend investors should be really angry. bad for them but it's bad for the economy. >> realistically though could we re
fewer than five days to go until whi we go over the proverbial fiscal cliff and when dividend taxes go up it makes an already bad situation worse. >> right now the tax is 15%. by next tuesday, folks, wouts a deal from congress, they are going to more than double to 39.6%. now he wrote this opinion piece in "forbes" highlighting an unfair tax code that rewards debt and penalizes those dividend payments. joining us now here is the author of that, the ceo of otc markets group....
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Dec 26, 2012
12/12
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which means we are no closer to solving the fiscal cliff yet. john harwood, five days to go, i am calm today. is this the calm before the storm? >> first of all, merry christmas, brian. >> merry christmas, john. >> it is possible that it's the calm before the storm if by storm, you mean a flurry of last minute deal making. a senate democratic leadership aide told me that there's still a 50/50 chance we will get a deal before january 1st, but that's the only optimistic voice i've heard today. a senior white house official told me that when i asked is there any signs of holiday progress, you know the president said go home, members of congress should go drink an eggnog and hang with their family and come back in a better mood. one word answer, no. no signs of progress and the republican leadership aide in the senate, mitch mcconnell is going to be crucial to a potential last minute breakthrough. we haven't heard anything from the democrats. so at this moment, we're at a stalemate but things can come together quickly if people start to get desperat
which means we are no closer to solving the fiscal cliff yet. john harwood, five days to go, i am calm today. is this the calm before the storm? >> first of all, merry christmas, brian. >> merry christmas, john. >> it is possible that it's the calm before the storm if by storm, you mean a flurry of last minute deal making. a senate democratic leadership aide told me that there's still a 50/50 chance we will get a deal before january 1st, but that's the only optimistic voice...
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Dec 31, 2012
12/12
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that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount that the average family will see a tax hike from the expiration of the payroll tax cuts. i would point out this is probably both away. both sides seem to be on board with undoing that temporary tax cut. 9% is the percent deutsche bank sees the unemployment rate up from the 7.8% where we are right now if we do go over the fiscal cliff. and then this number here, again, john harwood was talking about this, 8.2%, that's the across the board automatic cuts. fema, education, and of course state and local aid which is something that you would s
that's the per capita fiscal cliff effect. but that effects a lot of people differently here. $26.2 million. that's the number of americans that will be caught by the amt, the alter naf tax system, unless congress comes up with a patch and that's part of the whole fiscal cliff effect. come on over here, we'll show you more. 2.1 million, that's the number of long term unemployed americans who will lose the extended benefits again if there's no fix to the fiscal cliff. $1,000, that's the amount...
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Dec 31, 2012
12/12
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the fiscal cliff policies were designed basically by congress to save itself from itself. >> right. >> and if it takes effect -- >> not aspirationally but actually. >> actually as a backstop. now everybody in this whole, let's avoid this fiscal cliff -- >> as a -- >> we're going over the cliff. we've forgotten what the policies were there to do. >> as a markets guy, if there's a viewer who has money invested in the market, should they be invested in the markets if they've got cash sitting on the sidelines and see futures down today, should they say should i be buying into this? things are going to be okay? >> here's the question, you're asking before, andrew, i actually think, and probably a minority in this regard, it doesn't really matter what i think, the market may not agree with me. i actually think that fundamentally there's so much underlying strength in this economy we are in a position where we could actually go over the fiscal cliff, take those baseline policies, take the tax increases, take the messy spending cuts, and the economy will still survive. people will go to work,
the fiscal cliff policies were designed basically by congress to save itself from itself. >> right. >> and if it takes effect -- >> not aspirationally but actually. >> actually as a backstop. now everybody in this whole, let's avoid this fiscal cliff -- >> as a -- >> we're going over the cliff. we've forgotten what the policies were there to do. >> as a markets guy, if there's a viewer who has money invested in the market, should they be invested in the...
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Dec 28, 2012
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congress has been focused on debt negotiations to avoid the fiscal cliff. what else? but what's on the agenda after the first of the year, eamon javers how joins us with investing predictions for congress in 2013. eamon? >> good morning, andrew. it's not exactly the mayan apocalypse but we going to see some manger changes up on capitol hill next year. they asked me to offer up some predictions. so i did my best. take a look. 2013 is going to be the year that wall street learns to love elizabeth warren. since she's been appointed to the senate banking committee, some of those wall street lobbyists i've been talking to say they think they can work with elizabeth warren. part of the reason is because she's going to sit all the way down here as one of the least senior members of the senate banking committee. and also because they say they think that warren is going to want to take a much broader approach as a united states senator than just focusing on wall street or consumer issues. immigration reform is coming here to capitol hill, and the battle is going to be what's i
congress has been focused on debt negotiations to avoid the fiscal cliff. what else? but what's on the agenda after the first of the year, eamon javers how joins us with investing predictions for congress in 2013. eamon? >> good morning, andrew. it's not exactly the mayan apocalypse but we going to see some manger changes up on capitol hill next year. they asked me to offer up some predictions. so i did my best. take a look. 2013 is going to be the year that wall street learns to love...